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Public Budgeting and Participatory Budgeting
Author’s Name
Department/University
Course number
Course name
Instructor’s Name
, 2
Public Budgeting and Participatory Budgeting
The Role of Fiscal Transparency in Public Budgeting
According to Menifield, (2021), a budget can be considered as a financial policy
document that includes the income and expenses necessary for an organization to perform
financial transactions for a particular time frame (Menifield, 2021). Using the New York City
Police Department (NYPD) as a case study, this essay will examine how transparency can
strengthen public trust, accountability, and decision-making in government budgeting. It will
also offer examples of techniques and instruments that can be employed to improve fiscal
transparency.
Public budgeting develops through different phases such as Executive Preparation,
Legislative Approval, Budget Execution, and Audit/Evaluation Phase (Menifield, 2021). The
person who sets the tone for the policy concerns discussed during the budget planning phase is
the chief executive of a state or municipal government. The chief budget/fiscal officer typically
drafts guidelines that are distributed to agencies outlining the main topics that will be covered in
the next fiscal year as well as the deadline for submitting the budget (Menifield, 2021).
The budget must be approved by a legislative body, just like any other legislation. The
budget is sent to the legislature by the chief executive, and once it is approved, it becomes law.
Although this procedure appears to be quite straightforward, it is not. Members of the legislature
or city council frequently negotiate with the executive. Because of partisan divisions, these
conversations can occasionally be extremely stressful (Menifield, 2021).
Agencies carry out or execute their approved budgets at the start of the fiscal year. To
make sure that appropriations are not overspent, the executive budget office and the agencies
keep an eye on spending. Accounting software, which is intended to guarantee that expenditures
Public Budgeting and Participatory Budgeting
Author’s Name
Department/University
Course number
Course name
Instructor’s Name
, 2
Public Budgeting and Participatory Budgeting
The Role of Fiscal Transparency in Public Budgeting
According to Menifield, (2021), a budget can be considered as a financial policy
document that includes the income and expenses necessary for an organization to perform
financial transactions for a particular time frame (Menifield, 2021). Using the New York City
Police Department (NYPD) as a case study, this essay will examine how transparency can
strengthen public trust, accountability, and decision-making in government budgeting. It will
also offer examples of techniques and instruments that can be employed to improve fiscal
transparency.
Public budgeting develops through different phases such as Executive Preparation,
Legislative Approval, Budget Execution, and Audit/Evaluation Phase (Menifield, 2021). The
person who sets the tone for the policy concerns discussed during the budget planning phase is
the chief executive of a state or municipal government. The chief budget/fiscal officer typically
drafts guidelines that are distributed to agencies outlining the main topics that will be covered in
the next fiscal year as well as the deadline for submitting the budget (Menifield, 2021).
The budget must be approved by a legislative body, just like any other legislation. The
budget is sent to the legislature by the chief executive, and once it is approved, it becomes law.
Although this procedure appears to be quite straightforward, it is not. Members of the legislature
or city council frequently negotiate with the executive. Because of partisan divisions, these
conversations can occasionally be extremely stressful (Menifield, 2021).
Agencies carry out or execute their approved budgets at the start of the fiscal year. To
make sure that appropriations are not overspent, the executive budget office and the agencies
keep an eye on spending. Accounting software, which is intended to guarantee that expenditures
